Songkick Passes 10M Monthly ‘Fans’ And $100M Revenue

0

Former YC startup Songkick, which makes tickets for music gigs social, claims it is now bringing in 10 million “unique fans” every month. Unfortunately that term is rather vague – when asked what this meant, co-founder Ian Hogarth said it was a mix of unique users on the site and actual logged-in Songkick users going on to buy tickets. However, that might be a little harsh – the concept is still in its infancy, but might now be breaking through to a mainstream audience who in the past have relied on simple ticketing sites like Ticketmaster and Live Nation.

What it means is 10 million fans buying tickets for shows they wouldn’t have known about otherwise because Songkick put a social wrapper around those events. This is handy when over 70 percent of the average artist’s income comes from live performances.

It also announced it’s generated $100 million worth of ticket revenue to date across its ticketing partnerships with Spotify, SoundCloud, Bandcamp and others. And over 60 percent of its traffic now comes from mobile users. It was founded in June, 2007 but got going about a year later.

Hogarth said the company may raise more funding “when the time is right.”

Launched in June 2007 but gaining momentum a year later, Songkick has raised $16.6 million to date, the latest of which was a $10 million Series B round with Sequoia Capital.